After more than three decades of breakthroughs and constant innovation, Sacombank has made strong strides with impressive growth potential, ready to enter its 33rd year with courage and a rising position. On December 20, 2024, Sacombank held its 33rd Anniversary Ceremony (December 21, 1991 - December 21, 2024), honoring its achievements and determining its future development direction.
Mr. Duong Cong Minh - Chairman of Sacombank Board of Directors delivered the opening speech at the ceremony.
Strong acceleration in the fourth quarter of 2024, estimated to exceed the plan assigned by the General Meeting of Shareholders Sacombank's pre-tax profit in the fourth quarter of 2024 is estimated to reach more than VND 4,600 billion, an increase of 68% over the same period and the whole year of 2024 is estimated to reach over VND 12,700 billion, the highest level ever and exceeding the target assigned by the General Meeting of Shareholders. Profitability indicators ROA is estimated at 1.46%, ROE is estimated at 20.23%, both higher than the same period last year and continue to be among the leading groups in the industry. As of December 31, 2024, Sacombank's total assets are estimated to reach over USD 29 billion, an increase of 7% compared to 2023. Capital mobilization and outstanding credit are estimated at VND 649 trillion and VND 542 trillion, respectively, both up 12% over the same period. In 2024, the digital banking channel will grow strongly in both the number of new customers and the number of transactions, estimated to increase by 6.9% and 34.8% respectively compared to the previous year. Thereby helping Sacombank expand its customer base to 20 million, improving customer experience with a customer satisfaction rate of over 90%.
Sacombank leaders and guests raised their glasses to celebrate the 33rd anniversary of great strength and together look towards the future with a solid position.
Effective and safe risk management Along with the general difficulties of the economy, the bad debt ratio in the banking group has tended to increase over the past year. However, the positive point is that Sacombank still controls well and improves asset quality, in which the proportion of profitable assets is estimated to increase by 95%. In 2024, Sacombank will continue to promote the recovery and handling of nearly VND 10,000 billion of bad debts and outstanding assets, contributing to strengthening asset quality. Sacombank has also completed the project of building financial statements according to IFRS 9 standards and continued to successfully apply Basel III, enhancing transparency and honesty in business operations and risk management according to international practices. Sacombank has always complied with and actively improved operational safety indicators, the CAR ratio is approaching 10%, balancing the goal of operational safety and effective exploitation of capital resources. In 2024, Moody's and Fitch Ratings - two of the three largest and most prestigious credit rating organizations in the world - rated Sacombank with a stable outlook based on their assessment of business operations, solid asset quality, good profitability and high risk management capacity, continuously improving during the restructuring process.
Accompanying development and sharing with the community In addition to its vibrant business activities, Sacombank also carries out many activities to spread happiness to the community to realize the Bank's strategy over the years - Sustainable development associated with social responsibility.
Sacombank accompanies people and businesses throughout 33 years of development with the country
For example, after Typhoon Yagi, Sacombank supported thousands of affected customers through policies such as reducing interest rates by up to 2%/year for existing loans; adding new loan capital of VND 10,000 billion with preferential interest rates from 4% - 5%; reducing service fees by up to 50% and exempting early repayment fees for all loans. Sacombank's branches/transaction offices in storm-affected areas have proactively reviewed, shared and accompanied customers, seeking solutions to restore production, business and stabilize life. In 2024, Sacombank also implemented many meaningful programs towards the community: More than 18,000 Sacombank employees voluntarily contributed at least 01 day's salary/person, contributing more than VND 12.7 billion to support people affected by Typhoon Yagi; Awarding 4,000 scholarships worth more than 11 billion VND to studious and disadvantaged students across the country; On the occasion of the upcoming Lunar New Year 2025, Sacombank continues to spend more than 10 billion VND to take care of Tet for people in difficult circumstances; Responding to the emulation movement "Eliminating temporary and dilapidated houses" launched by the Prime Minister, Sacombank has joined hands with the provinces of Bac Lieu, Bac Ninh, Thai Nguyen, Khanh Hoa, Lam Dong, ... to build thousands of houses for poor households and policy families facing difficulties in housing. At the same time, coordinating with partners, agencies/organizations, awarding funds to build schools, cultural houses, bridges, roads, high-quality public toilets or programs to bring electricity, street lights, clean water, and wells to many disadvantaged areas; supporting hundreds of free eye surgeries, restoring vision for cataract patients; supporting expenses and nutritional gifts for children undergoing cancer treatment in Ho Chi Minh City; ... along with many other large and small charity programs and activities with a budget of more than 100 billion VND. "Over the past 33 years, Sacombank has always placed the position of social activities on par with business plans and expectations of comprehensive contributions not only to the prosperity of the economy but also to the sustainability of society. In the coming time, the Bank will continue to consolidate and promote its internal strength in technology and human resources to realize the goal of sustainable development associated with community responsibility".
| Recently, at the Vietnam Trust 2024 program with the theme "Positive Brand - Sustainable Consumption" organized by Vietnam Economic Magazine, Sacombank's "Multi-method payment solution on POS machines" was honored in the Top 10 of the Banking - Insurance - Securities group. There are currently more than 200,000 Sacombank POS/Soft POS machines nationwide, an important part of the Sacombank digital banking ecosystem. Sacombank's POS/Soft POS payment solution accepts a variety of payment methods from tapping bank cards, scanning QR codes or connecting with Apple Pay, Samsung Pay, Google Pay, Garmin Pay, making the transaction process convenient, seamless and fast. For businesses, individuals/business households, equipping POS/Soft POS machines not only helps optimize the payment process with reasonable investment and operating costs but also contributes to improving business efficiency. For consumers, this is a solution to help improve the experience in shopping, spending and enjoying many incentives such as discounts, 0% installment payments... The Vietnam Trust Program has been implemented by Vietnam Economic Magazine since 2006, contributing to promoting multi-dimensional information exchange between manufacturers, distribution channels and consumers, in order to create understanding and connection for the development of a transparent and valuable Vietnamese consumer market. |
Source: https://www.sacombank.com.vn/trang-chu/tin-tuc/tin-sacombank/2024/sacombank-33-nam-vung-buoc-dong-hanh-cung-nguoi-dan-va-doanh-nghiep.html 
Comment (0)